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Ratling [72]
3 years ago
12

An oligopoly firm is similar to a monopolistically competitive firm in that both firms face the prisoner's dilemma. both firms a

re in industries characterized by an interdependent firm. both firms have market power. both operate in a market in which there are significant entry barriers.
Business
1 answer:
DerKrebs [107]3 years ago
8 0
An oligopoly firm is similar to a monopolistically competitive firm in that BOTH FIRMS HAVE MARKET POWER.
Market power refers to the ability of a company to increase and maintain price above the level that would prevail under competition. When market power is exercised, it usually leads to reduced output and loss of economic welfare. 
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What is the difference between industrial and consumer goods?
lina2011 [118]
“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”

LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp

Hope that helped have a great day! :)
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According to the scor model, supply chain management covers five broad areas including __________, which include the activities
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Answer:

product return activities

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myrzilka [38]

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Answer:

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